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Share Name Share Symbol Market Type Share ISIN Share Description
Gulf Keystone Petroleum Ltd LSE:GKP London Ordinary Share BMG4209G2077 COM SHS USD1.00 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.60 1.37% 192.80 193.80 194.60 195.60 189.60 191.80 1,306,396 16:35:05
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 79.3 -34.4 -16.4 - 409

Gulf Keystone Petroleum Share Discussion Threads

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DateSubjectAuthorDiscuss
20/9/2018
11:46
The ability of SH to deliver Gas, and the operator's method of dealing with it, is being ignored in your postings. For example (ERCE figures), the Butmah/Sargelu/Alan formations give ca. 400scf/stb At 55Mbopd that's 22MMscf - or roughly enough to power a single 125MW gas turbine generator. The Triassic KC formations give approx. 2,000scf/stb. At say 10Mboepd (1 well or 2?) that's another 20MMscf, so almost another 125MW turbine. The point I'm trying to make is that further development, both Jurassic and Triassic, will lead inevitably to much more gas output - and the MNR will, at some point in the near future, start to say "no more flaring". At that point, these oil producers may be be expected to contribute something towards the costs of a gas processing & gathering network; that's an additional opportunity / challenge / headache that not all might appreciate. PSC Clause 14.2 however offers some hope that a get-around may be possible. It states: "The CONTRACTOR may freely use any Natural Gas required for the Petroleum Operations. If technically and economically justified, the CONTRACTOR shall in priority use any Natural Gas for the purpose of enhancing recovery of Crude Oil in accordance with prudent international petroleum industry practice." My views on SH (gas-)enhanced recovery are known. That of course might present the MNR with yet another "cost offsetting opportunity". I'm sure the FDP, now undergoing further updating and going back and forwards like a ping-pong ball, is being severely tested by the competing interests of both parties. EDIT: There are of course TWO gas issues - the Sales Gas available following Amine treatment (needs some further treatment and compression before piping anywhere) and the Concentrated Sour Gas (that tail gas remaining after Amine treatment section) which is considered for re-injection into either a producing formation or perhaps just into a trap or holding formation.
broadford bay
20/9/2018
10:19
4hr chart ? big C and H radius 50 pointing 340:350If that plays out it would be something to attract trend traders
obesepaddington
20/9/2018
10:04
Bear Squeeze action again300 a key target which once through will likely attract trend traders waiting for 52week highs to be taken out
obesepaddington
20/9/2018
09:52
welshki: it simply beggars belief that with GKP, MOL and the MNR moving forward with the 55,000 bopd programme which is due to be completed by the end of 2019, and which GKP have indicated will be followed by the 75,000 bopd and 110,000 bopd programmes, anyone would think that there is some sort of “mystery”; or perhaps even “irregularity” because the original 40,000 bopd programme is no longer mentioned. Approaching the end of 2018, production might be around 30,000 bopd assuming that one well is off production for a tubing workover. Then in January 2019 the uplift programme (a rise of c. 25,000 bopd from that albeit hypothetical level) really kicks off. That’s an average gain of 2,000 bopd per month, from the 9 separate operational items (2x tubing jobs, 3x ESPs, 4x wells with ESPs). On that basis, 40,000 bopd might be reached somewhere around May 2019, but it depends upon timings and ramp-ups.
oil_investor
20/9/2018
09:23
"Has anyone mentioned SH4 ???" yes hotdog mentioned it very recently, he said via the "city drums" word is it is performing spectacularly "Can anyone tell me what the life expectancy of a pump is operating on somewhere like Gulfs block ???" why are you asking more to the point, with your technical knowledge and oil industry experience surely you know the answer? "If you fit new tubing shouldn't that then mean the well would produce more than before ???" see point above "Has anyone found where the 40k prediction went to or the FDP ???" it went no where and the FDP timeline was set in the results, or did you not read it?
welshki
20/9/2018
09:19
Was it something I said 🤷‍a94;️
oilman63
20/9/2018
09:13
Good Morning 😃 Has anyone mentioned SH4 ??? Can anyone tell me what the life expectancy of a pump is operating on somewhere like Gulfs block ??? If you fit new tubing shouldn't that then mean the well would produce more than before ??? Has anyone found where the 40k prediction went to or the FDP ???
oilman63
20/9/2018
08:57
Frenchy if you were damaged would do seek to address it on a investment BB ? people are concerned about their savings , not likely to get sympathy are you.
nestoframpers
20/9/2018
08:32
AN ESTIMATE OF GKP PROJECT FUNDING FROM 2018 TO THE 75,000 BOPD PRODUCTION LEVEL I posted the below projections on here on Monday. Because of the endless negativity being posted on here by a very small number of persons who (a) apparently want shareholders to believe that GKP Chairman Jaap Huijskes, CEO Jon Ferrier, CFO Sami Zouari and COO Stuart Catterall are misleading the market and concealing significant problems, and (b) seek to raise alleged financial risks such as the possibility of a blow-out at one of the Shaikan Jurassic wells which GKP will be drilling in 2019/20, the projection is reposted below. As regards the latter “blow-out̶1; point, Mr. Ferrier has reiterated “Safe operations” as his watchword ever since his arrival at GKP in June 2015. And the cost figures below include, in any case, a massive 25% contingency. The underpinning total gross estimated investment to reach the 75,000 bopd investment, as used in the projection below, was around $450 million (GKP of course pay only part of that, and such project investment is recoverable anyway). Therefore the total included contingency is a massive $90 million. The #1 rated analysts Peel Hunt do not agree with the barking, screaming, allegations and endless negativity, and have increased their target price to 356p. Take your pick. ............ Gulf Keystone Petroleum gave a lot of information last week in their RNS and the three Presentations. I have prepared the following estimate from some of that information, together with information regarding monthly income and expenditure levels. 1. From September 2018 to December 2019 - the 15-month 55,000 bopd Programme 1.1 Net cost to GKP at current 80% level = $160 million to $184 million (including 25% Contingency) 1.2 Baseline Cash-at-Bank as at last week = $257 million 1.3 Estimated net cash gain from 15 monthly payments during the uplift to 55,000 bopd, at about the current Cost Recovery payment level = $150 million 1.4 Current cash + estimated net cash from monthly payments = $407 million 1.5 Estimated December 2019 cash position after paying for the programme = $407 million less $160 million to $184 million = $223 million to $247 million Note: this figure assumes that the MNR do not make any back-cost payment, potentially trading those for improved PSC Terms for GKP. The company has said that these changes will be advantageous, or at worst neutral, for GKP. 2. From January 2020 to c. December 2020 12-month Incremental 20,000 bopd programme 2.1 Net cost to GKP at current 80% level = c. $200 million (my estimate, see recent post) 2.2 Baseline Cash-at-Bank as at January 2020 = $223 million (the lower of the two cash-at-Bank estimates above) 2.3 Estimated net cash gain from 12 monthly payments assuming a starting production level of 55,000 bopd and steadily rising to 75,000 bopd = $180 million (assuming no net change to the PSC) 2.3 Cost Recovery of the current account element of the 75,000 bopd programme, assuming recovered as Opex during 2019 = $30 million 2.4 Estimated December 2020 cash position after paying for the programme = $433 million less $200 million = $233 million These estimates assume that the oil price will remain at least in line with the ERC Equipoise projection as in the current CPR and that the MNR will continue to make regular payments for production including cost recovery. If anyone wishes to prepare their own detailed estimates and post them on this bulletin board, then go ahead. The purpose of GKP giving information in RNSs and in Presentations is e.g. to allow such estimates to be prepared. Otherwise it all serves no purpose. If these projections are anywhere near correct, it suggest the following: (A) GKP has built a very strong cash position which provides a foundation for the 55,000 bopd and 75,000 bopd programmes which should not involve any further borrowing to fund that work (B) that cash position remains fairly steady as the works progress (C) GKP would enter 2021, at about which time they commence the incremental 35,000 bopd programme to move from 75,000 bopd up to 110,000 bopd, with a substantial cash position and with substantial income and Cost Recovery from 75,000 bopd production. But with the borrowing cap now removed through the cancellation of the old $100 million Notes, adjustments can potentially be made to the funding situation via borrowings. This is what GKP CEO Jaap Huijskes and CEO Jon Ferrier signed-off a week ago: “With a clear path to future growth, underpinned by a healthy balance sheet and an outstanding asset, we can look to the future with confidence”
oil_investor
20/9/2018
01:17
Turkish strikes on Kurdistan Region ‘may break laws of war’: HRW By Rudaw 15 hours ago 1438 Views Turkish strikes on Kurdistan Region ‘may break laws of war’: HRW Turkish fighter jets. AFP file photo ERBIL, Kurdistan Region – Turkey may be “breaking the laws of war” by launching air and ground attacks on non-military targets in the northern Kurdistan Region without first notifying Erbil and Baghdad, Human Rights Watch (HRW) warned Wednesday. The monitor examined four Turkish military operations in the Region between May 2017 and June 2018 which killed at least six civilian men and one woman and injured another man. HRW based its research on testimonies, photographs, and death certificates submitted by witnesses. In all of these cases there did not seem to be a legitimate military target nearby, raising concerns the strikes may break international law. HRW said the incidents must be investigated and the families compensated. “As Turkey steps up operations in Iraq, it should be taking all feasible precautions to avoid harming civilians there,” Lama Fakih, HRW deputy Middle East director, said in a statement on Wednesday. “Turkey should investigate possible unlawful strikes that killed civilians, punish those responsible for wrongdoing, and compensate victims’ families.” Turkish jets and ground forces regularly attack suspected Kurdistan Workers’ Party (PKK) hideouts in the Kurdistan Region. The armed opposition group, which fights for greater Kurdish political and cultural rights in Turkey, is headquartered in the Region’s Qandil Mountains. Airstrikes on the rural north of Duhok regularly start forest fires and disrupt farming. The Kurdistan Regional Government (KRG) has regularly condemned the Turkish strikes and called on the PKK to withdraw from the Region’s territory. Iraqi Prime Minister Haider al-Abadi announced over the weekend that federal border guards will be stationed along the Kurdistan Region’s border with Turkey to monitor incursions and report back to the UN. “While the obligation to investigate and compensate lies with Turkey, Baghdad and Erbil should take all possible steps to protect Iraqi civilians from unlawful military operations,” Fakih said. HRW says it has written to authorities in Ankara, Baghdad, and Erbil to address the problem. Only Erbil has responded. Dindar Zebari, the KRG coordinator for international advocacy, told HRW the Region does not coordinate with the Turkish Armed Forces and is not warned ahead of strikes. He told the rights monitor the KRG “encouraged a peaceful settlement of conflict between both sides” and has condemned attacks that have harmed civilians. Attacks and their consequences are regularly reported to Baghdad by the Ministry of Peshmerga and Erbil has asked the federal government several times to address the issue with Ankara, Zebari added.
beernut
19/9/2018
23:29
Kilt and Bigdog are not working for anyone. They are just damaged people, like most of us are.
frenchybannedme
19/9/2018
23:08
If the Insti's hold the vast majority of shares why do they require more? They obviously realise operational progress is ages away so it makes sense for them to sell down especially at the massively over inflated and hyped share price Time is risk. I reckon nestoflosses will crack up when all the known unknowns appear:-)
bigdog5
19/9/2018
22:55
Lol, cracks me up thinking kilt and BD having a job.
nestoframpers
19/9/2018
21:29
Incoming whispers that GKP is being "aggressively bought" by city institutions, who urgently need PI's to sell to them. kilt and Bigdog know this, as they are here working for them. All PI's need to fill their boots with GKP.
gkphero
19/9/2018
20:52
But I do understand what it will entail. I'll just let the known unknowns arrive. Over amplify the positive but don't mention any challenges? Any sign of the XOM divis:-)
bigdog5
19/9/2018
20:09
How much stock has Gulf bought in? O% 10% 20% 30% 40% 50%???? Well whatever number they won't be telling till they have finished as the stock would rocket - which defeats the object🚀 I reckon they have been buying and 20-40% IMO WHICH INCREASES the ALREADY AGREED TAKEOVER shareholder return by between 25-66% "optimise capital structure for the benefit of the company and shareholders" Says FINANCE DIRECTOR "Shammy" 😂 " What you doing with all the cash? " asked the ANALYST 😂 " I can't say " said Shammy " you can probably guess" he said.WE HAVE 😂It's why the headcases are here24/7 ....the shares are GOLDEN TICKETS - FILL YER BOOTS Monthly closing prices Feb 118. Mar 130 Apr 181 May 191 Jun 250. Jul 257 Aug 267 Sept now at 287 Gulf have been buying their own stock in via Peel/ bankers since March And still are doing...HOLD ... BUY AS MANY AS YOU CAN The retail mushrooms continue to sell - the big boys buy more and more and HOLD AND WAIT ......,...NOT too LONG NOW 😊 When a company repurchases its own shares, it reduces the number of shares held by the public. The reduction of the FLOAT ,or publicly traded shares, means that even if profits remain the same, the earnings per share increase. AND THE TAKEOVER VALUE PER SHARE INCREASES Repurchasing shares when a company's share price is undervalued benefits non-selling BIG BOY shareholders (frequently insiders) and extracts value from MUPPET RETAIL shareholders who sell. There is strong evidence that companies are able to profitably repurchase shares when the company is widely held by retail investors who are MUPPETS unsophisticated (e.g., small investors) and more likely to sell their shares to the company when those shares are MASSIVELY undervalued.[3] By contrast, when the company is held primarily by insiders and institutional investors, who are more sophisticated, it is harder for companies to profitably repurchase shares.[3] Companies can also more readily repurchase shares at a profit when the stock is liquidly traded and the companies' activity is less likely to move the share price.[3]
therealminotaur
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